I am 32 years old, married 5 years with new born baby. I am a government employee and live in tier-3 city.
My monthly savings are
SIP - 10K
PF- 17 K
PF from goi - 17k
Vpf - 4k
Nps -13.5k
Home loan - 30k
Car loan - 17k
Apart from above I put 2lakh yearly in terms insurance with minimal payout at maturity.
I don't have any liability from parents side, medical for me my wife and child is 100% covered. I live in decent government quarter and no electricity is to be paid.
I have accumulated 40lakh in pf and about 10lakh in nps 5 lakh in sip and 2 lakh in sticks. Valuation of my flat is 2 cr as on date ( I purchased it under construction).
My wife is also working with 80k monthly salary but she is my last backup for any difficult condition.
I sometimes feel I can do better in private. Want a genuine opinion of how am I doing at this point of life.
My CTC is around 25 lakh per year.